Skip to main content

Economy and Innovation

Rebuilding our economy for a better future

The West Midlands was the birthplace of the Industrial Revolution. We have long been the nation’s engine room, driving economic growth through innovation and hard work. Now we want to lead a new, green revolution and create thousands of new jobs in digital innovation. This will help boost the economy and ultimately improve life for all who live, work, and play in the West Midlands.

Our region is already leading work on several new technologies in the UK. The West Midlands is the test site of autonomous vehicles and 5G. It’s home to the Energy Systems Catapult, which is working to move the UK to a low-carbon energy system. We also have world-class science, energy and technology parks. These distinctive strengths are globally competitive and are what sets us apart from other regions. By utilising these strengths, we can regain this growth momentum.

We want to rethink and rebuild the economy to build a better future for everyone in the UK.

To do this, we’re focusing on:

  • Digital innovation
  • Building a net-zero economy and creating thousands of green manufacturing jobs
  • Maximising job creation for local people from HS2 and other unique West Midlands opportunities
  • Developing infrastructure - building better digital and transport links

What we're doing

Focussing on digital innovation

We're helping businesses and public sector organisations to learn about 5G. We have 5G innovation centres in Birmingham, Coventry and Wolverhampton.

Building a net-zero economy

By prioritising green growth, we can Build Back Greener, and achieve our ambition to be a Net Zero region by 2041.

Creating jobs from HS2

By making the most of these opportunities, we can unlock inward investment into infrastructure and maximum growth in the wider UK economy.
Find out what we're doing in your area

Economy and Innovation programmes

Growth for Everyone

Growth Plan

Learn about our plans to drive economic growth

Brindleyplacecanalside

UKSPF

Learn about the UK Shared Prosperity Fund

Digi Innovation 2 Digital

Digital Innovation

Learn how we're changing the region

Bike Life Friargate, Coventry

Net-Zero Economy

Learn how you can get involved

Centenarysquare

Economic Analysis

Economic reports looking at performance and productivity across the West Midlands.

WMCA Centenary Square 41

WM Innovation Accelerator

Forging relationships between government and our region

Portway Lifestyle Centre (1)

Health Inequalities

Join workshops focusing on the potential for health devolution

Birmingham City Centre Licenced Adobestock 204138015

West Midlands Investment Zone

Learn how the West Midlands Investment Zone is supporting the development of the Advanced Manufacturing sector in our region.

An illustrated image of white nodes connecting together on a blue background. This illustration is aiming to communicate the many digital connections artificial intelligence holds.

AI and Tech Adoption

Using AI and new tech to boost regional growth and support the UK’s industrial strategy

Latest from Economy

Four people stand smiling on the steps of The Savoy Centre, against a brick wall backdrop.

05 December 2025

Mayor backs hundreds more entrepreneurs to create jobs and grow the economy

Community Business Hubs have already helped grow 300 businesses with new hubs now opened in Solihull and Dudley.

A diverse group of six people stands indoors, smiling and holding virtual reality headsets. They are in front of signs reading "Antser Group" on a white wall.

03 December 2025

Mayor’s funding to harness video game technology for healthcare

The first-of-its-kind XR (Extended Reality) Health and Wellbeing Hub is one of eight regional projects being supported in the latest round of Mayor’s...

Five adults stand side by side in front of a "Production Central" backdrop, posing for a group photo; all are dressed in business or smart-casual attire.

21 November 2025

Cameras set to roll West Midlands premieres new film production office funded by the Mayor

Production Central WM will bosst regional GVA by up to £200 million and provide a boost to employment of up to 200 jobs per production and 2,000...

See all Economy and Innovation news stories